Bank of America’s XRP Tests: The Inside Scoop on Ripple’s Wall Street Infiltration
Whispers from the marble halls suggest a seismic shift. Bank of America—that bastion of traditional finance—is reportedly putting Ripple's XRP through its paces. Not a pilot, not a 'proof-of-concept.' Real tests. The kind that precede real integration.
The Institutional On-Ramp
Forget retail speculation. This is about moving value for corporate clients—cross-border settlements that normally take days, cost a fortune in fees, and involve a daisy-chain of correspondent banks. XRP promises to slash that timeline to seconds. For a bank processing billions daily, even marginal efficiency gains translate to monstrous savings. The math is too compelling to ignore, even for the most skeptical suits.
Why This Isn't Just Another Rumor
The chatter has a different tenor this time. It's not fueled by crypto Twitter hype, but by back-channel conversations with treasury operations teams and compliance officers. The questions have moved from 'if' to 'how'—addressing regulatory scaffolds, liquidity thresholds, and integration with legacy core banking systems. They're sweating the boring details. That's when you know it's serious.
The Regulatory Tightrope
No major bank moves without a green light—or at least a yellow one—from regulators. The shadow of the SEC's case against Ripple looms, but its partial resolution created just enough legal clarity for risk departments to cautiously proceed. They're not betting on XRP the asset; they're licensing the rails. A classic Wall Street maneuver: capture the efficiency, sidestep the volatility. (Typical, really—always eager to profit from the innovation they publicly scorn.)
The Domino Effect
If BofA flips the switch, the herd will follow. JPMorgan, Citi, Wells Fargo—they've all been watching. Their own distributed ledger projects suddenly look cumbersome and expensive compared to a working, battle-tested network. The first-mover advantage here isn't about publicity; it's about locking in the cheapest, fastest corridors for global commerce. The rest would be playing catch-up in a game where milliseconds mean millions.
Bottom Line: The tests are likely real. The motivation is pure, cold financial calculus. And if successful, they won't just validate XRP—they'll quietly dismantle a 50-year-old correspondent banking system, one blockchain settlement at a time. The revolution, it seems, will be underwritten.
Crypto Pundit Alleges That Bank of America Is Using Ripple’s XRP
In an X post, X Finance Bull claimed that the Bank of America is already running tests with Ripple and that cross-border payments are being rewritten. He added that Ripple provides the technology, the bank runs the tests, and the U.S. ensures legality. In line with this, he remarked that XRP is becoming the core financial plumbing.
In a video shared by crypto pundit Xaif last year, Ripple President Monica Long had mentioned that Bank of America was one of their early partners when they were developing the messaging software online payment solution. However, she didn’t say whether the partnership still exists till now.
Bank of America notably filed a patent for real-time net settlement using a distributed ledger system, which appeared to be based on Ripple’s payment network. This plan has since been abandoned as the bank never moved forward with the application. The bank has, however, opened up to crypto as it now allows its wealth clients to allocate up to 4% to crypto. The bank is also exploring issuing its stablecoin, which could make it a direct competitor to Ripple.
Meanwhile, Long also mentioned how several banks had contacted Ripple for payments and custody services after Donald TRUMP won the U.S. presidential elections. Ripple’s CEO, Brad Garlinghouse, had also previously mentioned that they secured more partnerships following Trump’s victory, as the U.S. president paved the way for a more regulatory-friendly environment.
Ripple’s Major Existing Banking Partners
Ripple has notably secured partnerships with other major banking institutions in recent times, as several nations provide a more regulatory-friendly environment. The crypto firm has partnered with Bank of New York Mellon (BNY), which is the largest custodian. The bank serves as the primary reserve custodian of Ripple’s RLUSD stablecoin.
Furthermore, Ripple recently announced that its Ripple Prime is an early adopter of BNY’s tokenized deposit services for institutional clients. These tokenized deposits operate on the bank’s private blockchain and don’t involve the XRP Ledger or XRP. Other major banks such as AMINA Bank, Absa, and SBI have also partnered with Ripple.
AMINA recently became the first European bank to integrate Ripple payments into its operations. SBI has also adopted Ripple payments. Meanwhile, the crypto firm provides custody services to Absa, one of South Africa’s largest banks.
At the time of writing, the xrp price is trading at around $2.10, down over 3% in the last 24 hours, according to data from CoinMarketCap.
